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FOX Business
Feb 3, 2013 9:30am EST
serving the same community with the same type much programs . take the defense department. you know we had and you just talked about programs that were a few million dollars. defense department had cost over runs of 350 billion dollars in 2008 programs. costing out a aircraft for 11 billion. the confidence we had in the defense department that that was the right price. but my point is, we sold it to congress and we have cost overruns. >> i am going to let tracey jump in here. defense department keeps us safe. i am not sure. >> i am up night wor're worries about the jordan hooka. what bothers me most is the denial part of it all is well and why need a versionful alcoholics anonymous. hast halfful them don't believe we have a problem. >> one . outrage is a u.s. senator centered on the senate floor and calm would fox out for saying we make it up. >> government has never been able to control itself. there is no profit motive with the government and no incentive for efficienciy. since the end much world war ii presidents and congresses have had federal spending 18 and 21 percent of gdp. under p
FOX Business
Jan 31, 2013 7:00pm EST
from an arms intruder. the president's nominee for defense secretary takes incoming fire on capitol hill over his stance on iran and israel. even as iran and threatens israel for its attack on it syria. former u.s. a message of the united nations jumbles and joins us next. ♪ the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. ♪ ♪ lori: president obama's date to be the next defense secretary faces critics on the hill today. too soft on a run and not tight enough with israel. fox news chief congressional correspondent tells us whether decade ago won any of his opponents over. >> after two months of public criticism over his nomination become secretary of defense former republican senator chuck a gold star earl to reassu
FOX Business
Feb 6, 2013 11:00pm EST
the 1920s, today it is such a lincoln day dinner rhetoric. romney was unwilling to cut defense, he said nothing about social security. it has to be means tested, he danced around medicare that is a monster that is out of control, only program he was willing to name he would actually cut was big bird stipend if you remember. charles: you started talking about a housing bubble. now for many, we have only just hitterra firma, -- terra firma, but you say already that is a bubble. if that is so is the only bright spot in the economy we're in trouble. >> it is just the same money printing by the fed, if we lock at these markets that were badly injured, during the bust. phoenix, and southern california, florida, this is all, you know hedge fund money. lbo money, fast money coming in buying them by the dozens and hundreds, they are in their for a trade, this is not healthy. these are single family homes spread out in former subprime neighborhoods, there has never been in last 50 years any real economy basis for insteadal visitors -- institutional investor on wildcats to own single family h
FOX Business
Feb 7, 2013 11:00pm EST
spending. >> i agree, but the question is how do you go on the defense? you don't go on offensive by immediately saying no, president has successfully painted them in a corner, no-sayres, that is all they say, you say yes, we' reform in september 2011, you came out with a report of your own how to revamp our text system, called plan for economic growth and deficit reduction, if that -- in that report, principles for tax reform, number one issue is lower tax rates, this is president talking not republicans, the tax system should be simp flied and work for all americans and fewer bracket, so say, yes, we're with you mr. president, not simpson-bowles but your own words, we want tax simplification the way you said it. >> to go back to something else that president obama said, he of the one that proposed the sequester to begin with, this is not an idea that republicans came up with to cut spending to force democrats to get rid of the size of government, president came to the table in august of 2011, to say i have a great idea, let's do a sequester on domestic and defense. republicans shou
FOX Business
Feb 5, 2013 11:00pm EST
set of cuts on the table. defense, just as in a north korean video shows big american city could be new york city in ruins from the ballistic missile strike. the guy who says this is downright dangerous. gas prices have never been higher. the white house missing a golden opportunity to tap into someing that would bring them lower. it is all around us. find out what that liz: gas prices this time of year have never been higher, but instead of more drilling, washington stalling. members are faulty. energy research firm saying washington is lowballing the amount of cash and jobs more drilling here would generate. daniel, can you give us ballpark numbers you're talking about what drilling would add to the u.s. economy in terms of tax revenues and revenues overall? >> you bet. most people are familiar with what is going on in north dakota, down in texas and louisiana and around the country where we are producing private land. government land 96% are basically untouched and what it could mean is in excess of $450 billion per year in gdp growth, and 20 times as much as the government is ta
FOX Business
Feb 5, 2013 9:00pm EST
billion lawsuit it.is shoddy job to rate the mortgage bonds that exploded. in its defense will argue because of first amendment rights. i don't know who i am more surprised than just a part -- justice department or s&p? eric holder, five years later you suddenly find them asleep at the wheel? what about the home buyers who took on mortgages they couldn't afford, the banks, the investors to pick up every investment they to put their hands on. other rating agencies could have stopped the bare ground was obvious that the investments were junk. but the agency did not do that. but different from the banks the job is to rate investments, their readiness but it they did not stick their neck out they did not do their job. to use the first amendment to defend themselves is ridiculous. ducking responsibility, hiding behind the constitution. repaid more than $187 billion to bailout fannie mae and freddie mac. 60 million homes went into foreclosure. but they pay by being forced out of their home and a never ending list of the attorney general's hit the metaphor for closures of the many but the r
FOX Business
Feb 7, 2013 11:00am EST
was because of the fluky gdp numbers. the fourth-quarter gdp all because of inventory and defense spending, other components are growing. first quarter will be 2% growth, so the productivity number will still be weak in the first quarter but not as bad as that in the fourth quarter. connell: give me a bottom line. even after the recession everything we have been through, people still coming out and telling us what is wrong with the economy. >> there are two or three good things going on. consumer sentiment has been at about a 2% rate, 70% of the economy, second housing is recovering. we would not have decent recovery without housing. third, an energy boom going on adding a lot of jobs in parts of the country, places like that, so quite a few right spots in the economy. connell: there we go. pretty well put together. thank you. >> my pleasure. dagen: thinking about the cloud in more and more states. connell: a winner in the big powerball jackpot somewhere in virginia. one of her relatives. dagen: why wouldn't it be? we all play the lottery. right? and the woman defense cuts costing
FOX Business
Feb 5, 2013 6:00pm EST
rating mortgage bonds. in his defense are expected to argue what it says can't be attacked because the first amendment right. i don't know who i'm more surprised by. the justice department or the s&p. five years after the event you suddenly find a rating agency asleep at the wheel. so is everybody else that financial crisis for home buyers become mortgages they couldn't afford the bank issued them to the investors who lapped up every bit of housing investment they could put their hands on. the rating agencies could have stopped the merry-go-round, they could have said it was obvious among a handful of investors individual mortgage of supporting these investments were junk. not worth the paper they were written on, but the agency didn't do that, but different from the banks or the borrowers, their job is to write investments. estimate their value, their worthiness but they didn't stick their neck out and they didn't do their job or run against the% tide. the first amendment defend themselves is ridiculous. docking there is possibility hiding behind the constitution. the mistakes that co
FOX Business
Feb 9, 2013 10:00am EST
brennan to be the head of the cia. we listened to the outgoing defense secretary, panetta, say that the president of the united states and the secretary of state were not involved in the entire period in washington, d.c. in the -- in the benghazi attack, acknowledging for the first time. we have some -- first, your reaction to that revelation by secretary panetta. >> well, first of all, what seems to be the problem is the decision by the administration not to identify the threat before they strike. that's huge. meaning in libya, according to the cables we read, we did not see that this is a threat, and if we don't ee that this is a threat, we don't actually -- we are not prepared. lou: i have to say that we don't see that as a threat when we watched the british embassy be bombed, the british ambassador attacked, watched the international red cross withdrawal from benghazi, what -- how large a tyke would be writ in order for us to get the message? this is 5 -- a frightening, frightening episode. >> we're not looking at the ideology of the guys. they are the basic attitude that we con
FOX Business
Feb 4, 2013 5:00pm EST
charleston, are projecting 1.2 trillion in cuts over the next 10 years that comes from defense. charleston is home for 250 defense contractors. the industry generates 10% of the city's economy. how much will this hurt? with me is south carolina state treasurer curtis losties. >> thanks for having me here. melissa: this will be real tough on charleston in particular. your state will be hit pretty hard. charleston itself gets 10% of its workforce from these contracts. >> that's right. the federal government is very important to states like south carolina. and the military is. we have a long military tradition. for the jackson is the largest training base in the world. 50,000 recruits turned out every year. it means a lot. 140,000 jobs. $16 billion a year. it is 7:00 percent of our state's budget. melissa: it is huge. on top of that when we went around asking people what can they do to make up for the loss. oh, boeing is expanding their dreamliner plant. that is our big cushion here. that will save a lot of jobs. i don't know if you heard there are problems with the dreamliner and boeing righ
FOX Business
Feb 3, 2013 8:00pm EST
and talking about further cuts in the defense budget pursuing larger missions in, of all places, north africa. >> well, i think we need to prevent th spread of terrorism to north africa because as we learned in afghanistan. lou: it is too late. >> no pomade is not. lou: it is there. >> but you cannot prove it. it takes persistence and patience. that is what people wonder. lou: winning in afghanistan. within six months of our forces principally covert entering afghanistan in the wake of september 11th we one. >> right. it is what they do afterwards. >> but there has to be a difference. you have to draw a distinction between a counter-terrorism policy which this administration has in the counterinsurgency policy. that is preventing these people from getting land on which they can mount attacks. lou: your view on this? counterinsurgency, counter-terrorism, you know, frankly, i know i am being simplistic year and routed squarely in the way of simplistic outlook. the fact of the matter is, as an american, i am not interested in counter-terrorism, counterinsurgency. i am only interested in o
FOX Business
Feb 2, 2013 10:00am EST
helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. the dow jones industrials tonight above 14,000 for the first time since october of 2007. it just 155 points from its all-time high. the s&p regaining the 1500 level, the labor department today reporting 157,000 jobs were created last month, almost 170,000 people, however, dropped out of the workforce, despite all of that. the national unemployment rate rose one-tenth of a percentage. it now stands at 7.9. eight and a half million people have dropped out of the work force since president obama took office. the developments overseas tonight. a suicide bomber attack. the u.s. embassy in turkey. killing one, injuring three others. the white house calling it an act of terrorism, the eighth attack on a u.s. embassy since hillary clinton was named secretary of state. coming on this, her less than the job. president obama to they retreated on the obamacare contraception mandate. the department of health and human services announcing that religiously affiliated organizations ca
FOX Business
Feb 1, 2013 11:00am EST
fundamental defense for the embassies, consulates and diplomatic personnel is the host government. that is their responsibility. here it looks like our perimeter security work. we lost a security guard but that is inevitable that whenever the outer limit is. that is the most dangerous point. what we should be thinking about is the risk not just to official americans but the private citizens, we have many people on business, tourism, religious reasons, dual citizens and if the terrorists are taking a lesson from benghazi and attacking american facilities there is a real risk it could spread. has been four months since the attack in benghazi and we have done nothing in response. connell: we will have new leadership in the foreign policy apparatus, the president states his name. i would like to get a quick comment from you about shut hegel, not confirmed yet and maybe won't be a slam dunk but looks like democrats have thee votes to concern -- confirm the defense secretary, quite a hearing yesterday and john kerry as secretary of state? >> assuming judge cahill is confirmed i think th
FOX Business
Feb 6, 2013 10:00pm EST
policy decisions. this time president obama asking congress to bail him out of the so-called defense sequester, nearly $500 billion cut in funding to our defense department that will cost thousands of jobs and undoubtedly weaken our national security. here is jay carney offering a bag and consuming answer as he triesto shift the responsibility for action from the president to congress. >> the president was clear he believes if we don't have the time or the are not inclined in the short term to accept the offer that he put forward that would resolve the sequester and then some with deficit reduction that we should at the very least take action for temporary buydown just as we did at the end of the year of the sequester to prevent the terrible impact of the sequester. lou: a panel trying to diagram the sequester. he points out the house has already passed two separate bills to replace the sequester but both of those bills are allowed to die and demographically controlled senate. he has had it with the obama way of doing business that he is content to allow the white house bipartisan se
FOX Business
Feb 4, 2013 10:00pm EST
, which is self-defense. a police officer today as a standard down with a standard capacity magazine, lebanon to 19 rounds, in that patrol car, you will sometimes find an error -- ar-15 gun. but they are carrying them for the law protection of the health and others. lou: david, it's great to talk with you. thank you so much. come back soon. president obama will return to immigration reform tomorrow. meeting with labor and progressive leaders and a number of eeo's about his plans to push a bipartisan bill, as the white house calls it, through congress this year. senator chuck schumer saying that janet napolitano would be the one person responsible for determining whether order security is strong enough to allow a pathway to citizenship. that put him at odds with senator marco rubio and others on the so-called bipartisan gang of eight. senator rubio said local officials and law enforcement should play an important role in making that determination. while senator schumer pushes for the immigration plan that includes a commission of officials on the southwest border to make recommendatio
FOX Business
Feb 1, 2013 9:00pm EST
helps create a food seal defense for a clean mouth and kills bacteria for fresh h breath. ♪ fixodent, and forget it. gerri: president obama has made the oil companies out to be tax cheats, but i'll write down h ♪ gerri: well, it was a record date or near record day for one of the world's biggest companies , exxon mobil. now, the oil joint -- giant barely missed a record 44-year earnings just under 45 billion, 340 million shy of its 2008 record profit. net income equals $2.20 per share abut $10 million a. it's a huge number for that company. as a result of the success people on the left really does the companies say they don't deserve the massive tax breaks they're getting. these big bad boy of guys have to pay their fair share like the rest of successful -- i mean, i'm sorry, wealthy americans. take a look at this. for the fourth quarter exxon paid nearly seven and a half billion dollars in income taxes. nearly 8 billion in sales taxes. nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. accordi
FOX Business
Feb 9, 2013 3:00am EST
algebra class to eighth graders. offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time toreate a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. liz: welcome back, we've been talking real estate real estate all day at fox business, with the state of california passing a big tax hike on upper bracket that is hurting the housing market there to robert gray in a luxury home in hollywood hills, california. >> how are you, tell us what you think of tax hike here. >> well, the tax hike h
FOX Business
Feb 4, 2013 11:00pm EST
defense department, what can be done, what sort of priorities should this model. hold, in particular an area we talk about less spending, and some sanguine that this is not just cyber aspect but overall we won the war, we won all wars, let's break down defense? >> that is ary point, a thing that that is a really key point, this relationship between offensive agressors going against us do, and the abumy of our people to defense against it, it is real simple and relatively simple, i should say, and very inexpensive. comparatively to have a big offensive cyber war capability, this is hugelyxpensive to defend against the it. we're doing things not maybe enough, cyber command, has at this point i believe, no offense of doctrine, they can defend but they do not have the ability to strike back, we ought to have a means by which we would strike back immediately, pretty much automatically when someone hacks into a u.s. government agency, they should get something in the e-mail in return. i'm over simplifying it, but, their computers should automatically be attacked, and pretty much
FOX Business
Feb 1, 2013 5:00pm EST
-nato, american forces in turkey to protect turkey with missile defenses, but that's back to syria again, protecting them from syria. the policy in syria, i think, is a failure, certainly failing, and i think it may be, in some way, related to that. melissa: begs to question what do we have to do differently in syria, then? >> should have thought about that a long time ago, and i and others said there's a lot to do other than putting boots on the ground going back two years now. the situation is getting worse and worse. the israelis were involved in something the other day. this situation is spilling over the borders. we could have, you know, early on, we could have backed some groups we thought we could support. that was critically important, and then possibly arm them if they are the sort of people we can support. unfortunately, we waited and waitedded, didn't have good intelligence what was going on in that, couldn't find who to back, and right now, there's very important country in a situation that certainly may not go in our direction. we could have either al-qaeda in there or
FOX Business
Feb 7, 2013 7:00pm EST
defense secretary leon panetta and joint chiefs chairman and did to the senate armed services committee that they talked with president obama exactly once during the terrorist attack on the american consulate, said deadly super winter storm to bring historic snowfall, coastal flooding, while conditions and 3 feet of snow are expected. what is the department of homeland's security doing with all of the ammunition in its buying? another enormous ammunition purchase. agenda paula talk now about one point* 6 billion crowns over the past 10 months alone. we begin with the testimony of outgoing defense secretary panetta and chairman of joint chiefs general the see both bringing the ugly truth to light of the administration's handling of thank on see -- benghazi resulting in the death of chris stevens. lindsay gramm talked with president obama only once on the day of the attack. >> he relied with myself and the generals capabilities. he knows what we deployed and we presented that to him said he knew generally was deployed with as specifics to time he left that up to us. lou: he said he was bo
FOX Business
Feb 7, 2013 10:00pm EST
billion crowns over the past 10 months alone. we begin with the testimony of outgoing defense secretary panetta and chairman of joint chiefs general the see both bringing the ugly truth to light of the administration's handling of thank on see -- benghazi resulting in the death of chris stevens. lindsay gramm talked with president obama only once on the day of the attack. >> he relied with myself and the generals capabilities. he knows what we deployed and we presented that to him said he knew generally was deployed with as specifics to time he left that up to us. lou: he said he was bothered by the lack of security and admitted the state department never ask for any help from the military. >> did you ever get the message they could not sustain an attack on the consulate? >> was tracking that intelligence. >> did you receive that information? >> i did. >> get to the bodies. >> a great deal. >> why were forces in place ready to respond? >> we never received a request to do so. lou: we never received a request to do so. meanwhile the defense secretary could not answer a simple question wa
FOX Business
Feb 5, 2013 3:00pm EST
. they base their entire defense -- and, by the way, this is not the first time they screwed up. liz: defensive aaa rating, horrible toxic -- >> orange county, aaa in orange county, new york city back before the fiscal crisis in the 70s, high ratings, and then the place blows up. there's millions, and many, many others. what was the defense? first amendment. this is merely an opinion. here's how the justice department goes at them. they show, listen, they issueded the conflicted ratings that violated their own corporate policies, that when -- the procedures of issuing ratings were violative of the policies and rely on court precedent that once you don't follow your own criteria, guess what? the first amendment defense fades away. liz: what was the criteria? >> we had dick larkin on before. dick work at standard and poors for two decades, knows about the internal workings. there's something about being inside the box and outside the box. you're not supposed to be a part of the deal. you're not supposed to be saying here's how you do the deal. if you want x, and i think -- and a lot of
FOX Business
Feb 8, 2013 4:00pm EST
, if you look at cyclicals, defensive, defensive, defensive all the past couple years. now the value play looks like it will be cyclical. basically the cyclicals trade at a pe multiple around 12%. defensive sectors under 14%. cyclicals are up 55% in the past five years and defensive up 24%. something looks out of whack. i think you will start seeing a move into cyclicals right now, maybe out of defensive sectors, if you will. i think that is trend we're going to see to keep continuing bull move. as it continues i don't know. there is reason why. that reason is the market doesn't trust the market or the movement because of the fed's sponsorship of this market. that scares people. it actually should. liz: tim, thank you for the warning. we appreciate it. we'll check in with you in just a few minutes to see how the s&p futures closed. >> sure. david: let's bring in the markets panel. we have ryan detrick and kevin get des. we have to give you, kudos, ryan. you were on in december, in mid-december we were on the edge of a big rally. boy were you spot on there if people listened to you th
FOX Business
Feb 5, 2013 7:00pm EST
defense contractors like lockheed martin which today announced hundreds of layoffs. mr. obama said damage can be stopped if only republicans will instead accept the white house final offer from last december, meaning of to $600 billion more tax hikes through cutting deductions plus cuts to medicare and other programs. >> my health care proposals to achieve the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowles and sent this commission which republicans were not amused the president added is live of and around this anti house majority leader eric cantor was delivering a big speech. specific spending cuts and no knew tax hikes to shut off the sequester. >> there is no greater moral imperative then to reduce the mountain of debt that is facing us, our children, and there's. >> white house officials say they have been specific about $350 billion in medicare cuts. when asked when the president does not meet the deadline for unveiling his budget for the third straight year spokesman jay carney blamed republicans sayi
FOX Business
Feb 5, 2013 11:00am EST
judge has denied a request by george zimmerman defense attorney to delay the trayvon martin trial. prosecutors have been slow to release evidence. zimmerman was the neighborhood watch volunteer that shot martin and 2012. zimmerman claims he acted in self-defense. superdome officials were worried about a possible power outage months before the super bowl. they said that tests on the domes electrical feeder lines that bring far into the dome showed some decay and a chance of failure. those are your headlines. back to you guys. connell: you may be surprised to know the real estate market is part of that. dagen: david lee miller has more on that story. >> we all know you can buy and sell just about anything on ebay. how about real estate? real estate for as well as one dollar. unlike an ebay auction for furniture, clothing or electronics, a.m. ebay auction is not legally binding. they are just an way to get a buyer. nobody is obligated. one seller we talked with said she had sold about 400 properties on ebay. they usually end up selling for about ten grand a piece. do not expect movin
FOX Business
Feb 7, 2013 6:00pm EST
shareholders and the secretary says it will be a crippling blow to defense hello congress stop n my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." sandy hook negative three weeks until hit with another fiscal crisis, 1.2 trillion dollars over a decade decade, across-the-board spending cut targeted at nation's defense if congress doesn't act of obama reaffirmed he will not accept anything but more taxes for his solution. by ren joins me now, lawmakers don't have a lot of time. will they stop sequestration? >> as far as coming to new terms with sequestration, they like it with the budget control act is written every program concerned you cannot cut the bad ones, a just cut them all but it is probably the only way to get spending cuts out of
FOX Business
Feb 5, 2013 1:00pm EST
least one precedent, first amendment defense is what s&p will say, it is our opinion is void if you violate your own criteria. we should also point out that the justice department has been looking at this for several years. what do you have to say about that? you were in the belly of the beast of s&p. >> s&p never lost a lawsuit on its ratings from what i understand. again their defense was the first amendment. from what i understand about this lawsuit and department of justice is their biggest, their biggest opponent to now. they have deeper pockets than anybody else. and, my guess is it might have to do with what we call could be september at s&p of the inner circle and the outer circle. >> was this -- let's back up. was this a concept or was this part of their criteria. >> not only part of the criteria but it was drilled into analysts. >> explain. >> the outer circle, outside observers people who bought bond. s&p was outside observer is. the inner circle were people selling bond. >> bankers. >> investment bankers, basically structuringing the december. s&p always said we whether
FOX Business
Feb 5, 2013 10:00pm EST
fix to avoid the defense sequester, the congressional budget office out with a bleak outlook on unemployment, and we will be talking about that with a former cbo director here in just moments. on wall street today stocks rebounded from yesterday's sell-off. the worst of the year to date. oriole prices rising today for the best levels in more than six years, selling and a faster rate. the dow jones industrials up 99 points, s&p up 15 and a half holding above the 1500 level. the nasdaq gaining 40. volume on the big board, three nap billion shares. joe going private, the deal led by michael dell. microsoft lending $2billion to the deal. in the bond market today interest rates rose. the 10-year rising back above 2%. gold down $2.90 per ounce, oil up $0.47, pushing the price of a barrel of crude to 9664 system beginning of the year. risen almost $4 per barrel. as the price of crude has risen, of course, so as the price of a gallon of gasolin. aaa says the national average price of a gallon of unleaded is $3.503, the highest has ever been for this time of year. last year at this time
FOX Business
Feb 5, 2013 8:00pm EST
table. defense, just as in a north korean video shows big american city could be new york city in ruins from the ballistic missile strike. the guy who says this is downright dangerous. gas prices have never been higher. the white house missing a golden opportunity to tap into something that would bring them lower. it is all around us. find out what that is. next. don't go away. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. liz: gas prices this time of year have never been higher, but instead of more drilling, washington stalling. members are faulty. energy research firm saying washington is lowballing the amount of
FOX Business
Feb 6, 2013 9:00pm EST
exceed spending for everything else, even defense, social security, health care is going to be everything. is that good news for americans? what should we do about it? >> it is not good news for americans. in fact, it is scary news. not just for people who care, say, but defense, but also for people to care about our ability to fund and thailand programs because by the end of this decade we will be paying close to a jillion dollars per year just in interest on our national debt. that could happen sooner to depending on what happens to inrest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than what you would pay for full coverage. the smart and intelligent employer says and is going to let the federal gove
FOX Business
Feb 7, 2013 3:00pm EST
facing 22 years. we should point out that he hasn't yet. they do have a joint defense agreement, sac and martoma. i will say this, this is another thing in cohen's favor, and i don't know the exact date, but from what i understand, the statute of limitations on this case is going to run out in the summer. so if they don't get martoma -- liz: the clock is ticking. >> -- by the summer, steve cohen is likely to not get indicted. this is what i'm hearing from sources, if they don't get him on this, the other cases aren't that good. the other potential witnesses aren't that good. a lot of people are talking about this michael steinberg, one of the top guys at sac, maybe he will flip. from what i understand, they don't think they are as good as martoma. this is kind of an interesting case. remember martoma buying and selling elan and wyeth. buying and selling that when, you know, right during -- right before material events and getting some inside information from the stock that was involved in drug company trials. he has a fairly long -- i think it's a 20 minute phone call with -- they kn
FOX Business
Feb 6, 2013 1:00pm EST
in my defense. lori: it is great. we love it. >> i think the transition has been very tough. lori: what is the biggest challenge? what is the biggest miss by the ceo? >> i think the pricing strati if, consumers they haven't understood it. they're not responding postively to it. and i think that has been a real struggle. have been changes in the company's redirected it a little bit. they're adding become promotions. but i think the pricing strategy was maybe a little bit thought out. and certainly. poorly executed. lori: is it confusing for jc penny customers to know what the pricing strategy is and know whether items at full price or on sale? how are they labeling? that was a part of changeup in strategy. they would put the retail price and jcpenney price under it similar to tj maxx. so many plans in the media, what is the takeaway for the customer? are they getting a firm message? seems like that is part of problem too, no? >> that is funny. i think the company was trying to simplify. they really wanted to simplify the pricing strategy. that is what all the move was , simplifying
FOX Business
Feb 2, 2013 2:00am EST
probably is. thank you for coming on, and nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all living united. to ensure the academic success of millions of kids in our communities. all the way to graduation day. but that won't happen without you. so take the pledge at unitedway.org. make a difference in the life of a child. suit up like your favorite nfl players, and become a volunteer reader, tutor or mentor with united way. ♪ gerri: a waitress fired for posting a recede online showing one of her customers not paying the mandatory tip on their large parties meal. we told you about it earlier, but should restaurants make gratuity part of the bill? drizzle some of your posting and my facebook page. absolutely. you have a big group. incredible work and notorious for assuming somebody else's tipping and nobody does. john says, no way. a gratuity is earned, not given, much like respect. since when the folks think they are entitled to do nothing. and, now she has credibility, i used to be a waitress. i think the mandatory gratuity cut specter to. people seem le
FOX Business
Feb 5, 2013 4:00pm EST
very good, aging baby boomers are going to be net releases of housing over the next decade. defense stocks will come under pressure. we are not out of the fiscal woods, we are at a new paradigm for the industry. liz: we have new numbers. expedia. adam: came in at $0.63, the street expecting $0.65. revenue however it big beat. street expecting in her 30 million. growing 33%, bucking 19% in the fourth quarter. might be a reason they are reacting positively. liz: what about their revenue increasing 10%, these are double-digit percentage gains. not a surprise you're seeing this stock moving higher in the aftermarket. show us the money, you really like facebook last time you were here. do you still love it? >> i do like facebook and you also know i manage etf portfolios, so we're big on technology, like consumer discretionary stocks and would like to retail stocks. facebook is unique in the sense there is a billion uses. my bet is on zuckerberg and $10 billion in cash. david: on november 20 and s&p was at 1409 said it was going over 1500, which indeed it has done. thank you very much. we
FOX Business
Feb 1, 2013 1:00pm EST
taking the can down the road, massive defense cuts were put off until march 1. with just one month ago, there is little sign of progress. general charles joining us now. welcome, sir. $500 million in defense department spending cuts. they are likely inevitable. your thoughts on the impact. >> first of all, there has already been $487 billion of cuts levied on the deal. the 500 billion that is pending would be devastating. one of the things that i like to remind people of is we are already in sequestration. the department has already started cutting their spending on many other programs. lori: the first tape showed a contraction. as you know, there are a lot of deficit hawks out there that are happy to see cuts as painful as they may be. >> the problem is, the way it is being done now is very inefficient. it is like senator warner from virginia said. you cannot portion two thirds of a ship. lori: how is all of this impacting the day today operations? >> i think for our overseas operations, we will still have funding for that. the department of defense has directed that potentially it is
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